Data from CryptoQuant shows increasing selling pressure on Bitcoin from U.S. investors as the Coinbase Premium Gap dropped to -$77.
The Coinbase Premium Gap tracks the price difference between Coinbase and other global exchanges, with negative readings typically signaling weaker U.S. demand and stronger selling activity on Coinbase.
The decline comes amid broader pressure on risk assets as rising U.S. Treasury yields and renewed concerns over tighter Federal Reserve policy continue to weigh on market sentiment.
Analysts say a prolonged negative premium could indicate weakening institutional appetite for Bitcoin in the short term, particularly as volatility and macroeconomic uncertainty remain elevated.